Beaver

From chapter 29:

To the extent that the depreciation or increase in value of this paper is independent of the movement of value of the actual capital that it represents, the wealth of the nation is just as great before as after its depreciation or increase in value.

"The public stocks and canal and railway shares had already by the 23rd of October, 1847, been depreciated in the aggregate to the amount of £114,752,225." (Morris, Governor of the Bank of England, testimony in the Report on Commercial Distress, 1847-48 [No. 3800].)

Unless this depreciation reflected an actual stoppage of production and of traffic on canals and railways, or a suspension of already initiated enterprises, or squandering capital in positively worthless ventures, the nation did not grow one cent poorer by the bursting of this soap bubble of nominal money-capital.

All this paper actually represents nothing more than accumulated claims, or legal titles, to future production whose money or capital value represents either no capital at all, as in the case of state debts, or is regulated independently of the value of real capital which it represents.

It seems like such a completely obvious point that you shouldn't even have to make it. But in the 150 years since this was written, the financial press have not stopped talking about the speculative value of paper as if it was entirely 1 to 1 equivalent to actual existing productive capital.

Thank you for your service!

I dig it.

Giant sweeping vague suggestions for what should be done. Real "we've tried nothing and we're all out of ideas" energy

We're so spoiled for choice, we have TWO Palestinian Extermination Parties to choose from!

If you want to bring back some of the old functionality of the start menu, task bar, and right click menu, you can use ExplorerPatcher

A better comparison might be to the capitalist Dominican Republic, which is a very similar country both in culture and history. Cuba's nominal and PPP per capita GDP are very similar, and they have similar HDI.

Handyman, general fixer and builder of stuff

If you are a member of a marginalized group of people living within the imperial core, you are in constant danger from the sharp edges of Actually Existing Fascism. I think it's important to remember that most of the residents of the early fascist states were not huddled terrorized masses. They were indifferent or satisfied with the fascist regimes. Germans especially - in the post-war period, the Nazis were discredited not because of their atrocities, but because they brought war and defeat to Germany. A think similar conditions have existed for decades in "the west" today. We haven't seen a conflagration on the scale of WW2 since then, but there have been plenty of wars of similar intensity and depravity (the decades of wars of decolonization being the major example).

A perfect example of how drug sniffing dogs are just legalized parallel construction.

We have jokerfied Matt at home!

Real freedom is having all that shit pumped out through tube